Can I get a loan in this situation?

[Zachary Schimenz]

Hey everyone! So here's my situation:

I'm going to be buying a house through a turnkey company, but they ONLY do cash offers, their houses are typically between $60k and $100k. The return is good, but would be much better if I could use leverage. So I'm wondering if I can do one of the following:

1. Am I able to buy cash and then refinance a house around $60k? I know typically banks won't give out mortgages for less than around 100k, does it work the same way with refinances? The house WOULD be fully renovated of course since it's turnkey, so it would be in good shape.

2. If the answer to #1 is "no", then can I buy two houses at $60k each, and "bundle" them together so the refinance would be on $120k total?

3. For each of these, would there typically be a higher than average interest rate since it's not a standard refinance?

4. Any recommendations of lenders who can do this?

Thanks so much, and let me know,

-Zach